Weekly Report - 01 November 2012 (WR-12-43)

If imitation is the sincerest form of flattery then Guillermo Lasso has just received praise indeed from President Rafael Correa. Lasso, the best-placed candidate in opinion polls to challenge Correa in the presidential election next February, had announced that he would increase the human development bond (BDH) from US$35 to US$50 per month. Correa decided last week to appropriate the idea and announced that the US$15 increase in the BDH would take effect in January 2013 – just before the elections. He made one key change: the burden of the extra funding will fall entirely on the banking sector.

End of preview - This article contains approximately 1265 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial